Bill Gross: We've Discovered That the World Had a 'Flawed Business Model'
November 16 — The world is changing and the old model of debt-driven growth is now just "a flawed business model," according to PIMCO's Bill Gross.
In an editorial published this morning in the Financial Times, Gross explains that the euro area's "growth-snatching" policies—which allowed countries to use leverage in place of sustainable growth—are not just European problems. Markets are just beginning to recognize this: Read more.
